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How PhonePe adapted to the new normal in fintech
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By Team Startupcity | Friday, 05 March 2021, 13:22 Hrs Flipkart owned Bangalore-based digital payment platform, PhonePe, has announced its Diversity & Inclusion (D&I) charter, with the first phase focusing on gender, sexual orientation and people with disability, identifying specific actions in each of these areas. The firm has decided to increase female representation in its two senior most leadership roles, including directors and Vice Presidents, to 25 percent from 16 percent by December 2021 as stronger representation at the top level is easily noticed and it sets as a role model for other broader organizations. The initiative’s aim is to build a large, scalable & open transaction ecosystem that creates the maximum positive impact for all stakeholders
PhonePe to appoint more women on senior roles by Dec this year
Mumbai |
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PhonePe has pledged to increase female representation in senior-most leadership roles - Directors and Vice Presidents from 16 per cent to 25 per cent by December 2021.
The homegrown digital payments platform has announced its Diversity & Inclusion (D&I) charter, with the first phase focusing on gender, sexual orientation and people with disability, identifying specific actions in each of these areas.
As part of this, the company has taken on a numerical goal for gender at the senior level.
Apart from this, for the LGBTQ community, PhonePe’s initial focus will be on creating spaces for conversation and awareness. It will also focus on reviewing policies, processes and systems to be more inclusive. The company is also reviewing its current roles, policy framework and infrastructure to enable people with disabilities to be a larger part of the organisation.
Synopsis
A handful of startups, including PhonePe, Licious, ShareChat and Wakefit, have recently rewarded employee stock ownership plans (ESOPs) to their employees across the board.
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ESOPs for startups in India has been behind the curve compared to the US, where most startups offer it across the board. But the situation is now changing.
Mumbai: Employee stock ownership plans (ESOPs), which were once used as a tool to tie senior management to business objectives and make their pay competitive, is now being given out to employees across the board by some startups especially the ones in sectors that saw their business and revenue hit new benchmarks despite the pandemic.
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